I think it'll be fine ... flush the warrants; those are the killer. Next up is a very likely positive secondary endpoint. Talk of buyout after those are good. Then FDA. Doesn't seem to be a black label situation if approved, so things should be good.
In the most cynical view, and if you flip, there will be a runup in PPS ahead of a new round of financing ... Just gotta time that trade right. It may run to $1 or so over a few days and then we read about an offering at .75 or something.
We'll see ... but I don't think AF killed the market on this. Too much volume yesterday when you look at where we were in the weeks leading up to the results.
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